BNP Paribas Financial Markets Sells 326 Shares of Bank First Co. (NASDAQ:BFC)

BNP Paribas Financial Markets cut its stake in Bank First Co. (NASDAQ:BFC) by 13.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,034 shares of the company’s stock after selling 326 shares during the quarter. BNP Paribas Financial Markets’ holdings in Bank First were worth $184,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BFC. Charles Schwab Investment Management Inc. raised its position in shares of Bank First by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 74,870 shares of the company’s stock worth $6,791,000 after acquiring an additional 4,480 shares during the last quarter. Quest Partners LLC grew its holdings in shares of Bank First by 212.6% in the third quarter. Quest Partners LLC now owns 2,057 shares of the company’s stock valued at $187,000 after acquiring an additional 1,399 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Bank First by 91.7% in the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company’s stock worth $335,000 after buying an additional 1,768 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Bank First by 61.4% in the 2nd quarter. Marshall Wace LLP now owns 6,513 shares of the company’s stock worth $538,000 after purchasing an additional 2,478 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Bank First by 30.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company’s stock worth $435,000 after acquiring an additional 1,237 shares during the period. 29.95% of the stock is owned by institutional investors.

Bank First Trading Down 1.2 %

NASDAQ BFC opened at $106.45 on Wednesday. The stock’s fifty day moving average price is $100.33 and its 200-day moving average price is $91.47. The stock has a market cap of $1.07 billion, a P/E ratio of 13.08 and a beta of 0.34. Bank First Co. has a 12 month low of $74.90 and a 12 month high of $110.49. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC) last announced its earnings results on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.11. Bank First had a return on equity of 10.10% and a net margin of 32.02%. The business had revenue of $58.93 million for the quarter, compared to analysts’ expectations of $39.60 million. As a group, equities analysts forecast that Bank First Co. will post 6.35 EPS for the current fiscal year.

Bank First Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Monday, December 23rd will be given a dividend of $0.45 per share. This is a positive change from Bank First’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.69%. Bank First’s dividend payout ratio is currently 22.11%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler increased their price target on shares of Bank First from $99.00 to $104.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th.

About Bank First

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.